loader from loading.io

The Business of Real Estate – Episode #7

The Business of Real Estate

Release Date: 07/02/2024

She Bought 3 Triplexes by 25 — Here’s What Every REALTOR® Can Learn From Her | TBORE S2 E1 show art She Bought 3 Triplexes by 25 — Here’s What Every REALTOR® Can Learn From Her | TBORE S2 E1

The Business of Real Estate

🎙 She Bought 3 Triplexes by 25 — Here’s What Every REALTOR® Can Learn From Her | TBORE S2 E1 w/ Rachel Stempski 00:51 – Bought Her First Triplex at 22 03:07 – Lessons from Owning 3 Triplexes by 25 06:26 – Is Airbnb Still Worth It? 10:14 – Agents: Know the Airbnb Rules! 16:16 – Why She Only Uses Month-to-Month Leases 18:02 – The Only Legal Way to Remove a Tenant in Ontario 22:15 – Cash-for-Keys Horror Stories ($50K!?) 25:12 – Every Agent Should Know the Landlord-Tenant Act 32:09 – Rachel’s #1 Tip: Start Investing Yourself What does it take to build a real estate...

info_outline
Episode 34 - Master the Market Use Stats to WIN Every Deal with Special Guest Conrad Zurini show art Episode 34 - Master the Market Use Stats to WIN Every Deal with Special Guest Conrad Zurini

The Business of Real Estate

Episode 34 - Master the Market Use Stats to WIN Every Deal with Special Guest Conrad Zurini "Stop Guessing. Start Knowing: Why Stats Make You the Smartest Agent in the Room." ✨ Episode 34 of The Business of Real Estate (TBORE) dives deep into: In Episode 34 of The Business of Real Estate, Lynn Hoffmann and Eric Johnson welcome back RE/MAX Escarpment's own "Stat King" Conrad Zurini to break down how market stats, price per square foot, absorption rates, and HPI can give REALTORS® the ultimate edge.  Learn how to remove emotion from pricing, become the local market expert, and...

info_outline
Episode 33 – The Questions Every REALTOR® Regrets Not Asking show art Episode 33 – The Questions Every REALTOR® Regrets Not Asking

The Business of Real Estate

✨ Episode 33 of The Business of Real Estate (TBORE) dives deep into: Before you hand over keys or ink a deal, make sure you're protected. In this episode, Lynn Hoffman and Eric Johnson share real-world horror stories, hard-learned lessons, and essential systems that every real estate agent must implement to avoid getting blindsided.   🎓 What You’ll Learn:   How to qualify clients early and avoid wasted time   The power of Buyer Representation Agreements   Key financial and legal red flags to watch for   How to build a strong intake process and...

info_outline
Episode 32 - Are You SabotagingYour Own Listings? | TBORE show art Episode 32 - Are You SabotagingYour Own Listings? | TBORE

The Business of Real Estate

🎙️ TBORE Episode 32: What’s Your Plan? 📌 In this episode of The Business of Real Estate podcast, Lynn Hoffmann and Eric Johnson tackle a crucial question every agent should be able to answer: "What's your listing plan?" With new legislation affecting listing agreements—especially in Ontario—agents must now clearly outline and follow through on their marketing commitments. Lynn and Eric dive into how a well-structured, client-focused listing presentation sets the tone for expectations, builds trust, and ultimately, wins listings. You’ll learn: ✅ What must be included in your...

info_outline
STOP saying STOP saying "I'm a Realtor"... say THIS instead | TBORE Episode 31

The Business of Real Estate

🎙️ TBORE Episode 31: STOP saying "I'm a Realtor"... say THIS instead 🚀 Are you still introducing yourself as “just a realtor”? In this powerful episode of The Business of Real Estate (TBORE) podcast, hosts Lynn Hoffmann and Eric Johnson break down why your elevator pitch matters more than ever—and how to craft one that sets you apart from the sea of agents in the industry. Learn how to create a pitch that showcases: ✅ Who you are ✅ What you do ✅ Who you help ✅ And why YOU are the trusted guide your clients need Discover 4-step and 5-step frameworks, storytelling tips, and...

info_outline
BRANDING, MINDSET & SALES SECRETS : Luxury Real Estate Masterclass | TBORE Episode 30 show art BRANDING, MINDSET & SALES SECRETS : Luxury Real Estate Masterclass | TBORE Episode 30

The Business of Real Estate

🎙️ Mastering Luxury Real Estate | How to Break Into the High-End Market 🏡✨ In this episode of The Business of Real Estate podcast, Lynn Hoffmann and Eric Johnson sit down with luxury real estate expert Peter Philip Papazach. Discover how to break into the luxury real estate market, stand out as a specialist, and serve affluent clients with confidence and excellence. Learn the secrets to luxury branding, niche specialization, mastering high-end property knowledge, and delivering a world-class client experience. Perfect for agents looking to elevate their career in luxury residential...

info_outline
Phase 1, 2 & 3 EXPLAINED!! The Commercial Real Estate Minefield | Episode 29 show art Phase 1, 2 & 3 EXPLAINED!! The Commercial Real Estate Minefield | Episode 29

The Business of Real Estate

Are you considering getting into industrial or commercial real estate? 🏗️ In this episode of The Business of Real Estate podcast, we break down the critical and often misunderstood Phase 1, Phase 2, and Phase 3 environmental assessments that can make or break a deal! 🛑 Learn why these phases are essential when working with industrial properties, and how environmental risks, contamination, and remediation could cost millions. Join hosts Lynn Hoffman and Eric Johnson as they sit down with Frank Salvatore, a leading expert in industrial commercial real estate, to uncover the hidden...

info_outline
Why You're Failing at Follow-Ups (And How to Fix It) | Episode 28 show art Why You're Failing at Follow-Ups (And How to Fix It) | Episode 28

The Business of Real Estate

🚀 Struggling to Find New Clients? Here’s How to Fix That! 🚀 In this episode of The Business of Real Estate Podcast, hosts Lynn Hoffmann and Erik Johnson dive deep into real estate lead generation, client retention, and how to build a referral-based real estate business without spending a fortune on marketing.  ✅ Key Topics Covered: 🔹 How to use real estate database marketing to stay top of mind with clients 🔹 The power of handwritten notes for real estate agents and why they work 🔹 The best follow-up techniques for real estate agents that turn leads into clients 🔹...

info_outline
Episode 26 - The Business of Real Estate - “To Admin or Not to Admin?” show art Episode 26 - The Business of Real Estate - “To Admin or Not to Admin?”

The Business of Real Estate

“To Admin or Not to Admin?”    In Episode 26 of The Business of Real Estate Podcast, Lynnn Hoffman and Eric Johnson tackle the critical question: "To Admin or Not to Admin?" They explore how hiring an administrative assistant can help agents focus on income-generating activities instead of being bogged down by non-revenue tasks.  The discussion emphasizes the importance of recognizing when to bring in an admin—often around 30-36 transactions per year—and understanding the value of delegating tasks that agents may not excel at or enjoy....

info_outline
Episode 25 - The Business of Real Estate - Exceeding Client Expectations show art Episode 25 - The Business of Real Estate - Exceeding Client Expectations

The Business of Real Estate

Exceeding Client Expectations  In Episode 25 of The Business of Real Estate podcast, Lynn Hoffmann and Eric Johnson discuss how realtors can go above and beyond to exceed client expectations during the moving process. Drawing from personal experiences, they emphasize the stress and challenges clients face when relocating and highlight strategies for agents to alleviate those pressures.  Key points include the importance of empathy, understanding emotional attachments, and offering practical support like personalized checklists, moving resources, and referrals to...

info_outline
 
More Episodes

To Team, or Not to Team  

Welcome to episode seven of The Business of Real Estate podcast with Lynn Hoffman and Eric Johnson. Today, we're discussing whether to join or start a team. We'll hear from team leaders about creating and leading a team, and also discuss what single agents should consider when joining a team. 

Joining us are Justine Wolcott from the Wolcott Team at RE/MAX Escarpment and Shawn Delight, team leader at Davidson Delight at RE/MAX Niagara. 

Teams offer training and support, but they aren't just about feeding leads; prospecting is crucial. Agents need to focus on follow-up and nurturing leads. 

Shawn emphasizes the importance of creating a business mindset when leading a team and highlights the role of client concierge services. Justine points out the need for contracts and proper team structure. Both recommend coaching for prospective team leaders to avoid common pitfalls. 

Thanks for listening! Follow and subscribe for more episodes. 

For more information or to request any materials mentioned in the episode, contact us at: [email protected]